On 30 October 2015, Panama published Executive Decree 470 in the Official Gazette. The decree amends the effective date of the new value added tax withholding requirements that apply for taxpayers that have acquired goods or services of at least PAB 10 million in the previous year, and for credit and debit card companies ({News-2015-10-27/A/6- previous coverage}). The effective date is postponed to 1 January 2016.